Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Forward Industries, Inc.’s current trading price is -50.52% away from its 52-week high, while its distance from the 52-week low is 32.40%. The stock’s price range during this period has varied between $3.55 and $9.50. The company, active in the Consumer Cyclical sector, saw a trading volume of around 3.34 million for the day, considerably higher average daily volume of 10350.0 observed over the last three months.
Forward Industries, Inc. had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $9.50 on 07/12/23, while the lowest price during the same period was $3.55 on 07/05/24.
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How Financial Performance Impacts Market Capitalization
Forward Industries, Inc. (FORD) has experienced a quarterly decline of -15.24% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.75M and boasts a workforce of 100 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.41, with a change in price of -2.28. Similarly, Forward Industries, Inc. recorded 41,050 in trading volume during the last 100 days, posting a change of -32.66%.
How FORD’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FORD stands at 2.15. Similarly, the long-term debt-to-equity ratio is also 1.48.
FORD Stock Stochastic Average
As of today, the raw stochastic average of Forward Industries, Inc. over the last 50 days is at 24.26%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 24.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 21.06% and 18.78%, respectively.
FORD Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a loss of -35.56%.However, over the last six months, we can see a stronger performance of -35.53%. Over the last 30 days, the price of FORD has leaped by -9.67%. And in the last five days, it has surged by 28.77%.
